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INDUSTRY FACT FILE · BANKING

Applicable Cybersecurity Services and Codec Networks Bundles for Banks

How Codec Networks services and bundled service models help banks resolve their threats, meet RBI's 2026 Directions and reduce business impact.

In this document

1. Our approach

2. Mapping threats to services

3. Codec Networks service catalogue for banks

4. Codec Networks bundles for banking

5. Banking programmes built from the bundles

6. Packages: Foundation, Assurance and Continuous Resilience

7. RBI requirement-to-bundle mapping

8. Threat-to-bundle coverage matrix

9. Delivery methodology and deliverables

10. Why Codec Networks

11. Annex: indicative commercial ranges

1. Our approach

Banks need a clear path from their highest risks to measurable, inspection-ready assurance. Codec Networks works on four principles:

Start from critical systems and money flows: scope work around the channels, payment interfaces, core systems and third parties that matter most.
Align to the 2026 Directions: map every engagement to the requirements of the RBI Direction that applies to the bank's category, plus CERT-In, DPDP, PCI DSS and SWIFT CSP.
Test the chain, not just the link: combine technical testing, process testing and monitoring validation.
Prove closure: retest findings and organise evidence for the Audit Committee, the ITSC and RBI inspections.

2. Mapping threats to services

The table maps the 18 threats identified in Document 4 of this set to the Codec Networks services that help mitigate them.

Threat / challenge	Applicable Codec Networks services	Intended outcome
Account takeover	Mobile and web application testing, IAM & MFA bypass testing (SIM swapping, OTP attacks), SOC fraud-signal monitoring	Stronger authentication and device binding; faster takeover detection
Phishing, vishing and BEC	Phishing simulation, awareness, deepfake testing, anti-phishing and brand monitoring, DMARC review	Reduced impersonation success; faster takedowns
Mule accounts	Onboarding and V-CIP controls review, mule-detection use cases in the CSOC, fraud risk assessment	Earlier identification and freezing of mule accounts
Ransomware	Ransomware simulation, backup security testing, EDR/XDR validation, IR retainer	Tested recovery and reduced blast radius
Web, mobile and API attacks	Application and API security testing, secure code review, DevSecOps	Flaws found before release
Legacy and unpatched systems	Infrastructure VAPT, patch audit, configuration review, segmentation assessment	Prioritised remediation and compensating controls
Privileged access and insider misuse	Privileged-access review, insider threat simulation, data exfiltration simulation	Accountability for sensitive actions
Third-party and ATM switch compromise	Third-party risk management, ATM switch provider assessment, contract security review	Enforceable baseline controls at providers
SWIFT and high-value payment fraud	SWIFT CSP assessment support, payment-hub access review, maker-checker testing	Hardened payment operations
Cloud misconfiguration	Cloud security audit, IAM and configuration review	Continuous posture visibility
DDoS	Resilience and architecture assessment, authorised availability testing	Validated capacity and failover
Deepfakes and AI-enabled fraud	AI-powered deepfake testing, call-back control testing, AI/LLM security testing	Verification processes that assume impersonation
Data leakage and privacy failures	DPDPA readiness, data discovery and classification, DLP review	Reduced data footprint and DPDP readiness
Weak detection and response	Managed CSOC, SIEM use-case tuning, playbooks, tabletop exercises	Reliable 6-hour reporting
Backup and recovery failure	Backup and DR testing, DR drill observation	Proven recovery within objectives
Software supply-chain compromise	Supply-chain security testing, vendor secure-SDLC review	Trusted software updates
Loan fraud with cyber elements	LOS/LMS access and workflow testing, forensic audit, fraud risk assessment	Detection of manipulated loan data and collusion
Fake apps and brand abuse	Brand monitoring, rogue-app detection and takedown support	Faster removal of impersonating apps and sites

3. Codec Networks service catalogue for banks

Service line	Bank-relevant services
Security Vulnerability Assessment & Penetration Testing	Six-monthly VA and annual PT of critical and DMZ systems; web, mobile and API testing; network, wireless, database and cloud testing; configuration review and patch audit; PCI DSS network compliance testing
Offensive security & people/process testing	Red and purple teaming, APT and ransomware simulation, phishing simulation, IAM & MFA bypass testing, approval-workflow bypass testing, deepfake testing
Information security consulting, audit & compliance	Gap assessments against RBI's 2026 Directions, IS audit support, ISO/IEC 27001:2022, PCI DSS, SWIFT CSP, third-party risk management, fraud risk assessment
Data privacy & protection	DPDPA readiness, ISO 27701, DPIA, data discovery and classification, DLP strategy review, breach response
24/7 Managed SOC & threat monitoring	CSOC-as-a-Service with Level 1–3 coverage, SIEM, managed EDR/XDR, SOAR, threat intelligence, dark web, anti-phishing and rogue-app monitoring
Cyber forensics & threat analysis	System imaging, malware analysis, mobile and device forensics, cloud forensics, fraud and insider investigations
Board-level advisory	Board and ITSC briefings, cyber risk quantification (FAIR), crisis communication readiness, CISO support
Emerging technology security	AI and LLM security, ISO 42001 readiness, post-quantum cryptography readiness
Centre for Professional Excellence (CoPE)	Board and staff awareness, CISO workshops and accredited certification training

4. Codec Networks bundles for banking

Eleven of the twelve bundles in the Codec Networks Bundled Service Models apply directly to banks; the Global Cyber Back-Office SPV Program (Bundle 12) is offered separately for international clients.

Title: Figure 6: Codec Networks bundles applied to banking. - Description: Figure 6: Codec Networks bundles applied to banking.

Figure 6: Codec Networks bundles applied to banking.

Bundle	Name	Bank-relevant scope	Best suited for	Key deliverables
B1	Cyber Assessment & VAPT Assurance Program	Six-monthly VA, annual PT, configuration review, patch audit, retesting	All banks meeting the 2026 testing frequencies	VAPT reports with CVSS, remediation tracker, retest report, compliance mapping
B2	Application, API & DevSecOps Security Program	Internet and mobile banking, APIs, secure code review, CI/CD and supply-chain testing	Digital-first banks, SFBs, payments banks	Application and API risk report, code review report, DevSecOps maturity report
B3	Cloud, Infrastructure & Zero Trust Security Program	Data centre and network segmentation, cloud audit, IAM, VPN and remote access	Banks modernising infrastructure or moving to cloud	Cloud posture report, IAM review, Zero Trust roadmap
B4	Regulatory Cybersecurity Audit & Compliance Assurance Program	Gap assessments against RBI's 2026 Directions, CERT-In readiness, evidence index, closure validation	All banks preparing for inspections and audits	Gap assessment, evidence index, regulator-ready response matrix
B5	GRC, ISO, SOC 2 & Cyber Maturity Program	ISO 27001, PCI DSS, SWIFT CSP readiness, NIST CSF, policies, risk register	Banks formalising governance and certifications	Maturity scorecard, policy framework, risk register
B6	Data Privacy, DPDPA & Data Protection Program	Customer data mapping, consent, DLP, DPIA, breach response	All banks ahead of May 2027 DPDP obligations	Privacy gap assessment, data inventory, breach response plan
B7	Managed SOC, MDR & Continuous Threat Monitoring Program	24x7 CSOC with L1–L3, SIEM, EDR/XDR, SOAR, threat hunting, brand monitoring	Banks building or augmenting a CSOC	Dashboards, incident tickets, monthly SOC reports, MTTD/MTTR metrics
B8	Digital Forensics, Incident Response & Malware RCA Program	Triage, imaging, malware analysis, fraud and insider investigations, reporting support	Any bank facing a suspected compromise or fraud	Forensic evidence index, RCA, Board incident summary
B9	Third-Party Risk Management & Supply Chain Cyber Risk Program	Vendor and ATM switch provider assessments, contract review, continuous monitoring	Banks with critical outsourced services	Vendor risk assessments, risk dashboard, remediation plan
B10	Cyber Simulation, Awareness, Tabletop & Crisis Readiness Program	Phishing and ransomware simulation, tabletop and crisis-communication drills, deepfake testing	Boards, treasury, operations and branch staff	Campaign reports, tabletop report, drill scorecard
B11	Emerging Technology, AI, Web3 & Future Security Program	AI/LLM testing, ISO 42001 readiness, post-quantum readiness, CBDC-related reviews	Banks deploying AI or new digital-currency systems	AI/LLM risk assessment, post-quantum readiness report

5. Banking programmes built from the bundles

For banks, Codec Networks packages the catalogue bundles into six banking programmes that match common buying needs.

Banking programme	Built from bundles	Challenges addressed
Banking Security Baseline	B1, B3, B5	Legacy exposure, patching backlogs, misconfiguration, incomplete visibility
Digital Banking and Payment Security	B2, B1	Authentication weaknesses, insecure APIs, transaction-workflow abuse
Managed CSOC and Threat Monitoring	B7, B8	Fragmented visibility, alert overload, slow investigation, 6-hour reporting
Banking GRC, Audit and Compliance Support	B4, B5	Alignment to the 2026 Directions, evidence gaps, repeated audit findings
Cloud, Infrastructure and Third-Party Security	B3, B9	Cloud misconfiguration, ATM switch and vendor risk, shared responsibility
Cyber Resilience, Forensics and Executive Advisory	B8, B10, B6	Ransomware disruption, recovery assumptions, Board visibility, privacy

6. Packages: Foundation, Assurance and Continuous Resilience

Package element	Foundation	Assurance	Continuous Resilience
Typical bank	Co-operative banks, smaller SFBs, banks building a baseline	Mid-sized private banks, SFBs, payments banks	Large public and private sector banks
Testing	B1: scoped VAPT and retest	B1 + B2: six-monthly VA, annual PT, channel and API testing	B1 + B2 + B10: continuous testing, red teaming, simulations
Regulatory and GRC	B4: gap review against applicable directions	B4 + B5: gap assessment, evidence pack, PCI DSS / SWIFT CSP	B4 + B5 + B9: inspection-ready evidence, vendor assurance
Cloud and privacy	B3: infrastructure review	B3 + B6: cloud posture and DPDPA readiness	B3 + B6 + B11: continuous assurance, privacy and AI governance
Monitoring and response	Optional IR retainer (B8)	B7: extended-hours SOC + B8 retainer	B7: 24x7 CSOC with L1–L3 + B8 assured response
Reporting	Assessment report and roadmap	Consolidated risk and remediation reporting	Quarterly Board, RMC and ITSC reporting

7. RBI requirement-to-bundle mapping

Requirement (commercial bank Direction, 31 July 2026)	How Codec Networks helps	Bundle
VA at least six-monthly and PT at least annually for critical and customer-facing DMZ systems, by trained independent experts	Scheduled VA/PT programme with retesting	B1
Application security testing throughout the lifecycle; source code or escrow for critical applications	Application, API and source code testing; vendor certification review	B2
CSOC with 24x7 Level 1 monitoring and Level 2/3 capability	Managed or co-managed CSOC	B7
Anti-phishing and anti-rogue-app services; DMARC	Brand, phishing and rogue-app monitoring; e-mail security review	B7
Cyber incidents reported on DAKSH within six hours; CERT-In notified	Playbooks, reporting support and forensic RCA	B7, B8
DR drills for critical systems at least half-yearly; full working day on DR	DR drill observation and recovery testing	B1, B10
Cyber Crisis Management Plan; participation in cyber drills	CCMP review, tabletop and crisis-communication drills	B10
Baseline controls for ATM switch providers; audit rights in IT/cyber third-party contracts	ATM switch provider and vendor assessments; contract review	B9
DLP across endpoints, data in transit and at rest; MFA for privileged users	DLP and privileged-access reviews	B3, B6
Quarterly CISO review to Board/RMC/ITSC; annual policy review	Board and ITSC reporting packs and policy review	B5
IS audit overseen by the Audit Committee; risk-based audit planning	IS audit support and evidence reviews	B4
DPDP safeguards and breach intimation (from May 2027)	DPDPA readiness programme and breach drills	B6

Testing independence and empanelment

RBI's 2026 Directions require VA/PT by trained, independent experts and say that where CERT-In empanelled auditors are engaged, the bank should follow CERT-In's audit guidelines. Codec Networks is CERT-In empanelled for information security auditing services and can confirm auditor independence in each proposal.

8. Threat-to-bundle coverage matrix

Threat / challenge	Primary bundle	Supporting bundles
Account takeover	B2	B7, B10
Phishing, vishing and BEC	B10	B7
Mule accounts	B7	B4, B8
Ransomware	B7	B8, B10
Web, mobile and API attacks	B2	B1
Legacy systems	B1	B3
Privileged and insider misuse	B7	B8
Third-party and ATM switch	B9	B7
SWIFT and payment fraud	B5	B7
Cloud misconfiguration	B3	B7
DDoS	B3	B10
Deepfakes and AI fraud	B10	B11
Data leakage	B6	B3
Weak detection and response	B7	B8, B10
Backup and recovery failure	B10	B1
Supply-chain compromise	B9	B2
Loan fraud with cyber elements	B8	B4
Fake apps and brand abuse	B7	B10

“Primary” and “supporting” indicate suggested combinations, not guaranteed mitigation or complete coverage.

9. Delivery methodology and deliverables

Title: Figure 7: The Codec Networks delivery methodology. - Description: Figure 7: The Codec Networks delivery methodology.

Figure 7: The Codec Networks delivery methodology.

Typical deliverables include an executive summary for the Board or ITSC, a technical findings register with evidence and CVSS ratings, a compliance gap matrix mapped to the applicable RBI Direction, a prioritised remediation roadmap, retest reports and an evidence tracker for the Audit Committee and RBI inspections.

10. Why Codec Networks

CERT-In empanelled for information security auditing services, and empanelled with NICSI for application audit and compliance services (start-up category).
Certified to ISO 9001:2015, ISO/IEC 27001:2022 and ISO/IEC 20000-1:2018.
Full stack: VAPT, regulatory assurance, CSOC, forensics, privacy and Board advisory from one partner.
Banking depth: digital channel, API, ATM switch, SWIFT and payment security testing aligned to RBI's 2026 Directions.
Recognised frameworks and tools: OWASP ASVS/MASVS and API Top 10, MITRE ATT&CK, NIST CSF, ISO 27001, PCI DSS; tools such as Burp Suite, Nessus, Metasploit and leading SIEM/EDR platforms.
Certified people: CEH, OSCP, CPENT, CISA, ISO 27001 LA/LI, CHFI, CTIA and ECIH professionals.

Annex: Indicative commercial ranges

For sales reference only. The ranges are taken from the Codec Networks Bundled Service Models and are subject to scoping, asset counts, frequency and service levels.

Bundle	Package examples and indicative ranges
B1 VAPT Assurance	Essential ₹1.5–5 lakh; Professional ₹5–15 lakh; Enterprise ₹15–40 lakh; Annual retainer ₹25 lakh–₹1.5 crore
B2 AppSec & DevSecOps	API Quick Check ₹2–6 lakh; AppSec Professional ₹8–20 lakh; DevSecOps Maturity ₹12–35 lakh; Secure SDLC retainer ₹3–15 lakh/month
B3 Cloud & Zero Trust	Cloud Essential ₹3–8 lakh; Professional ₹8–25 lakh; Enterprise ₹25–75 lakh; Continuous assurance ₹2–10 lakh/month
B4 Regulatory Audit	Gap review ₹5–15 lakh; Full regulatory audit ₹15–50 lakh; Multi-framework audit ₹30 lakh–₹1.25 crore; Annual retainer ₹3–20 lakh/month
B5 GRC, ISO, SOC 2	ISO readiness ₹5–15 lakh; ISO implementation ₹15–45 lakh; SOC 2 readiness ₹15–60 lakh; GRC retainer ₹2–12 lakh/month
B6 Privacy & DPDPA	Quick assessment ₹3–10 lakh; Implementation ₹10–40 lakh; DPO-as-a-Service ₹2–8 lakh/month; Privacy retainer ₹3–15 lakh/month
B7 Managed SOC	Starter ₹2–5 lakh/month; Professional ₹5–15 lakh/month; Enterprise ₹15–50 lakh/month; co-managed per FTE/shift
B8 Forensics & IR	Triage ₹3–15 lakh; Full investigation ₹15–75 lakh; Ransomware response ₹25 lakh–₹1.5 crore; IR retainer ₹5–50 lakh/year
B9 TPRM	₹25,000–₹2 lakh per vendor; batch pricing for 50–500 vendors; retainer ₹3–25 lakh/month
B10 Simulation & Tabletop	Awareness ₹1–5 lakh; Phishing simulation ₹2–10 lakh; Tabletop ₹5–20 lakh; Cyber war-game ₹15–75 lakh; Annual retainer ₹10 lakh–₹1 crore/year
B11 Emerging Tech	AI/LLM risk review ₹5–25 lakh; Smart contract audit ₹5–50 lakh; Emerging tech retainer ₹5–25 lakh/month

Talk to Codec Networks

Contact

Codec Networks Pvt. Ltd.

New Delhi: 507, 5th Floor, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001

Gurugram: 707, 7th Floor, Silverton Tower, Golf Course Extension Road, Sector 50, Gurugram – 122018, Haryana

Landline: 011 430 496 96 | 011 437 522 99 Mobile: +91 99716 76124 | +91 88007 88220 | +91 88003 31124

Email: mktg@codecnetworks.com Web: www.codecnetworks.com

Note: Service scope, deliverables, monitoring coverage and service levels are confirmed during engagement scoping. Services support risk reduction and assurance but do not guarantee prevention of all cyber incidents or regulatory compliance. Regulatory references are summaries; confirm against the official Directions applicable to the bank's category.